Question
Consider the following three dimensional alternatives. A = (15, 20, 25) B = (10, 20, 0) C = (30, 15, 10) If the individuals form
Consider the following three dimensional alternatives.
A = (15, 20, 25)
B = (10, 20, 0)
C = (30, 15, 10)
If the individuals form their preference rankings based on the model of Tversky and Simonson (assuming v is linear, u(A) = 40,u(B) = 200,u(C) = 50, = 3),
(a) [6 points] From the set {A, B}, determine the ranking of the alternatives.
(b) [6 points] From the set {A, B, C}, determine the ranking of the alternatives.
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
